Overview / Commentary
517-543-3880
236 South Cochran Avenue
Charlotte, MI 48813

Eaton Federal Savings Bank is headquartered in Charlotte and is the 35th largest bank in the state of Michigan. It is also the 1,985th largest bank in the nation. It was established in 1936 and as of December of 2018, it had grown to 92 employees at 7 locations. Eaton Federal Savings Bank's CD rates are 2X the national average, and it boasts an A+ health rating.

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Reviews (1)

Best Bank You can Imagine

Posted by: Reportnewc | Apr 6, 2018

Eaton Federal Savings Bank is the best bank you can imagine. Their customer service is top notch. We live in a poorer community with a lot of elderly people. These people survey on social security and most don't have checking accounts. They get their monthly Social Security check directly deposited by the federal government into their Eaon Federal Savings Account. Many of these elderly people come into Eaton Federal Savings Bank the day their Social Security check is deposited in their savings account. They come with all of their monthly bills and bring them to the bank tellers. The bank tellers will then write money orders for each of these elderly persons' bills and mail them. It is an incredible service for these people that the bank does not charge for. My favorite service I use at the bank is free checking. There is no monthly fee and no minimum balance for this account. You also get an ATM card with this account. It is a great bank.



Health
A+

Health Grade Components

Overall
FDIC Certificate #29846
Year Established1936
Employees92
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD1.44%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$337.6MM$294.3MM
LoansQ4 2018vs Q4 2017$222.9MM$181.6MM
DepositsQ4 2018vs Q4 2017$271.0MM$225.5MM
Equity CapitalQ4 2018vs Q4 2017$53.5MM$53.1MM
Loan Loss AllowanceQ4 2018vs Q4 2017$2.2MM$2.2MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$2.1MM$1.0MM
Real Estate OwnedQ4 2018vs Q4 2017$45.00K$11.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Eaton Federal Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Eaton Federal Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$5-Statement Savings Account
0.20%$5-Christmas Club Account
0.20%$5-Kids Club Accounts

Eaton Federal Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$2.5k*-Money Market Deposit Account (MMDA)
OTHER TIERS: 0.10% $50 - $2.5k

Eaton Federal Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$2.5k$10kConnect Rewards Checking
0.10%$1k-Connect Interest Checking

Eaton Federal Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.39%$500-7 Year CD
3.14%$500-5 Year CD
2.88%$500-4 Year CD
2.63%$500-3 Year CD
2.37%$500-2 Year CD
2.02%$500-1 Year CD
1.00%$500-6 Month CD

Eaton Federal Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.39%$500-7 Year IRA
3.14%$500-5 Year IRA
2.88%$500-4 Year IRA
2.63%$500-3 Year IRA
2.37%$500-2 Year IRA
2.02%$500-1 Year IRA
1.00%$500-6 Month IRA
Locations


Eaton Federal Savings Bank Locations
103 S Main Branch103 South MainOlivet, MI 49076
109 S Main Branch109 South MainNashville, MI 49073
Eaton Federal Savings Bank236 South Cochran AvenueCharlotte, MI 48813
307 South Main Branch307 South MainEaton Rapids, MI 48827
Grand Ledge Branch500 South ClintonGrand Ledge, MI 48837
Sockbrige Br122 West Main StreetStockbridge, MI 49285
Gregory Branch223 North Main StreetGregory, MI 48137

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.